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KRUK SA
(KRU)
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Rating:72Outperform
Price Target:
zł527.00
▲(28.51% Upside)
Action:N/A
Date:09/16/25
KRUK SA’s leading profit growth, high margins, and attractive valuation drive its score, but persistent negative cash flow and a highly leveraged balance sheet pose meaningful risks. The lack of technical momentum data moderates the overall outlook, but valuation remains a significant strength.
Positive Factors
Profitability
A high net profit margin reflects KRUK SA's efficient operations and strong profitability, enhancing its ability to reinvest in growth opportunities.
Negative Factors
High Leverage
Significant leverage can increase financial risk and limit flexibility, potentially impacting KRUK SA's long-term financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
A high net profit margin reflects KRUK SA's efficient operations and strong profitability, enhancing its ability to reinvest in growth opportunities.
Read all positive factors
KRUK SA (KRU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
zł8.01B
Dividend Yield4.93%
Average Volume (3M)30.58K
Price to Earnings (P/E)7.2
Beta (1Y)0.68
Revenue Growth8.08%
EPS Growth-0.46%
CountryPL
Employees3,390
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)56.40
Shares Outstanding19,543,390
10 Day Avg. Volume31,239
30 Day Avg. Volume30,576
Financial Highlights & Ratios
PEG Ratio12.90
Price to Book (P/B)1.80
Price to Sales (P/S)3.83
P/FCF Ratio8.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
zł525.00Price Target Upside28.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)58.71
Revenue Forecast (FY)zł3.40B
KRUK SA Business Overview & Revenue Model
Company Description
KRUK Spólka Akcyjna, alongside its various subsidiary entities, operates as an international debt management specialist, with its presence spanning Poland, Romania, Italy, the Czech Republic, Slovakia, Germany, and Spain. The company’s business ac...
How the Company Makes Money
KRUK SA generates revenue primarily through the acquisition of non-performing loan portfolios, which it purchases at a discount from financial institutions and other creditors. The company then engages in debt collection efforts to recover the owe...
KRUK SA Earnings Call Summary
Earnings Call Date:Aug 26, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Neutral
The call portrayed a mix of solid operational and financial fundamentals — including 8% cash EBITDA growth, 5% recoveries growth, 12% asset growth, strong cash generation (~PLN 0.4 billion), a PLN 53 million hedging gain, and progress on major transformation projects — balanced against notable near‑term headwinds: flat H1 net profit versus prior year, under‑deployed investment relative to the PLN 2.5 billion target (only ~PLN 860M secured), missed modest recovery targets, currency losses (~PLN 50M) in Romania, and competitive market dynamics that constrained deployment and market share in key markets. Management remains cautiously optimistic about a stronger second half and expects mid‑20% gross IRRs on purchases, but also emphasised downside risks and country‑specific operational challenges.Positive Updates
Solid Net Profit in H1 2026
Net profit for the first 6 months of 2026 was PLN 555 million, representing a solid result for the period (flat versus the same period last year).
Negative Updates
Flat Net Profit Year‑Over‑Year
Despite being described as a solid result, net profit of PLN 555 million showed no growth compared with H1 last year, and management indicated they hoped for better performance.
Read all updates
Q2-2026 Updates
Positive
Negative
Solid Net Profit in H1 2026
Net profit for the first 6 months of 2026 was PLN 555 million, representing a solid result for the period (flat versus the same period last year).
Read all positive updates
Company Guidance
The company reiterated a full‑year deployment target of about PLN 2.5 billion after securing roughly PLN 860–864 million in H1; H1 headline results included PLN 555 million net profit (flat y/y), cash EBITDA +8%, recoveries +5%, assets +12%, ~PLN 0.4 billion cash generated, dividend ~PLN 20/share and ROE ~19%, with leverage around 2.6x; a hedging gain of ~PLN 53 million helped offset roughly PLN 50 million of revenue lost to RON depreciation; market specifics: Poland offered ~PLN 3 billion (price ~34%), Romania price ~46% with ~40% market share in H1, Spain saw ~PLN 300 million deployed with ~80% share, lending EBITDA was PLN 27 million, and reported gross IRRs are expected to remain in the low‑20% range for 2026; management flagged a 5% recovery plan (with ~2% shortfall sensitivity) and noted downside risk to the deployment target from competitive markets while IT (MVP released in July) and AIF reorganization (targeted 2027) remain on track.KRUK SA Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
68
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.60B | 2.50B | 2.20B | 1.79B | 1.49B | 1.20B |
| Gross Profit | 2.16B | 2.27B | 1.17B | 952.37M | 852.37M | 763.68M |
| EBITDA | 1.60B | 1.74B | 1.00B | 1.03B | 901.84M | 831.49M |
| Net Income | 1.10B | 1.09B | 1.07B | 983.93M | 804.98M | 694.76M |
Balance Sheet | ||||||
| Total Assets | 13.60B | 13.03B | 11.65B | 9.93B | 7.68B | 5.91B |
| Cash, Cash Equivalents and Short-Term Investments | 367.09M | 3.42B | 3.48B | 3.06B | 2.39B | 2.02B |
| Total Debt | 7.38B | 7.31B | 6.63B | 5.53B | 3.95B | 2.87B |
| Total Liabilities | 7.97B | 7.71B | 7.12B | 6.14B | 4.43B | 3.31B |
| Stockholders Equity | 5.63B | 5.33B | 4.53B | 3.79B | 3.25B | 2.60B |
Cash Flow | ||||||
| Free Cash Flow | 821.29M | 1.07B | -542.32M | -827.87M | -602.03M | -304.87M |
| Operating Cash Flow | 923.55M | 1.16B | -499.13M | -785.25M | -567.77M | -288.80M |
| Investing Cash Flow | -171.76M | -195.67M | -36.41M | -23.33M | -32.27M | -13.61M |
| Financing Cash Flow | 566.38M | 210.59M | 361.87M | 994.88M | 603.04M | 356.02M |
KRUK SA Technical Analysis
Negative
410.10
Price Trends
421.59
Negative
421.20
Negative
436.47
Negative
Market Momentum
2.36
Positive
38.84
Neutral
59.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:KRU, the sentiment is Negative. The current price of 410.1 is below the 20-day moving average (MA) of 431.95, below the 50-day MA of 421.59, and below the 200-day MA of 436.47, indicating a bearish trend. The MACD of 2.36 indicates Positive momentum. The RSI at 38.84 is Neutral, neither overbought nor oversold. The STOCH value of 59.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PL:KRU.
KRUK SA Peers Comparison
UnderperformOutperform
Sector (68)
PL:KRU
KRUK SA
406.00
-27.70
-6.39%
PL:BNP
BNP Paribas Bank Polska Spolka Akcyjna
150.40
49.76
49.45%
PL:BHW
Bank Handlowy w Warszawie S.A.
119.40
26.88
29.05%
PL:XTB
XTB SA
180.84
106.72
143.97%
PL:ALR
Alior Bank SA
132.45
36.09
37.46%
PL:MIL
Bank Millennium SA
21.00
6.91
49.04%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.